Enze: Bloodbath! The three main cryptocurrencies break down simultaneously, and the bears dominate the market

The sharp decline early this morning marks the establishment of a new downtrend in the crypto market.

BTC broke below the key support level of 63,500, ETH lost the 1,900 threshold, and SOL dropped below 80. The three major mainstream coins all broke down simultaneously, with bearish momentum fully dominating the market.

Continuous large-scale capital outflows, combined with institutional-level selling pressure, will further drive prices downward through panic selling. Short-term technical rebounds are only fleeting; until key resistance levels are effectively reclaimed, the market will continue to be bearish. It is recommended to mainly short on rallies and avoid bottom-fishing risks.

Operational suggestions:

BTC: Light short positions can be taken on rebounds to around 64,000-66,000, with a stop-loss set above 67,000, targeting 62,000. If it breaks below, continue to watch 60,000.

ETH: A pullback to around 1,880-1,950 can be considered, with a stop-loss set above 2,000, targeting 1,800. If it breaks down, continue to watch 1,750.

Reminder:

The above analysis is Enze’s personal view. The market is ever-changing; all trading decisions should be based on Enze’s actual trading signals!